In three quarters of 2023, Americans installed more large-scale BESSs than in the entire year 2022

According to the American Clean Power (ACP), there has been a remarkable increase in the installation of large-scale battery energy storage systems (BESS) in the US in the first three quarters of 2023.

In fact, the total capacity of these BESS installations, which is 2,142 MW or 6,227 MWh, surpasses the entire amount installed in 2022.

A record year for large-scale energy storage in the US

This year has set a record for large-scale energy storage in the US, with a cumulative capacity of 4,500 MW (13,000 MWh) introduced in the first three quarters of 2023, compared to 4,000 MW (12,000 MWh) in the entire previous year. Just in the third quarter, 30 new projects were launched, including 11 standalone installations and others integrated with wind or solar power plants. The largest of these projects was the Desert Peak by NextEra Energy Resources in California, boasting a capacity of 325 MW/1300 MWh.

Furthermore, the number of BESS projects in the US, including those under construction or in advanced development, has seen a 50% year-over-year increase.

Climate act

This significant growth in BESS installations is partly thanks to the Inflation Reduction Act, a part of President Biden’s climate bill. This act aims to support and expand the private sector’s focus on renewable energy. Over the next decade, $369 billion will be allocated to green projects, investments in renewable energy, house thermal upgrades, the purchase of US-made electric vehicles, and reducing methane emissions. Much of this financial support comes in the form of tax incentives. The goal is to reduce greenhouse gas emissions by 40% by 2030, compared to 2005 levels.

In summary, large-scale battery energy storage systems in the US are experiencing substantial growth, and this is attributed in part to government support through the Inflation Reduction Act, which aims to advance green initiatives and cut emissions.

Source: energy-storage.news